Salesforce.com Inc. (NYSE: CRM): This company has expanded through some rather large acquisitions in the last several years to help it diversify as it competes for dominance in the ever-growing cloud software market, says Zacks, which selected it as the Bull of the Day stock. Shares last closed at $295.15 and have a consensus price target of $314.64, which would be a 52-week high.
Sherwin-Williams Co. (NYSE: SHW): BofA Securities downgraded the paint leader to Neutral from Buy and has a $335 price target. The consensus target is $328.35. The stock closed on Wednesday at $317.38.
Summit Materials Inc. (NYSE: SUM): Wolfe Research started coverage with an Outperform rating and a $45 price target. The consensus target is $38.85. The final trade on Wednesday came in at $34.74.
Teradyne Inc. (NYSE: TER): Cowen upgraded the shares to Outperform from Market Perform and also lifted the target price to $150 from $135. The consensus target is $148.345. The stock closed Wednesday at $123.07, and it was up over 3% in the premarket.
Terminix Global Holdings Inc. (NYSE: TMX): As Baird downgraded the stock to Neutral from Outperform, it slashed the price target from $57 to $44. The consensus target is $55.13. The final trade for Wednesday was reported at $39.89, which was down almost 3% on the day.
Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA): Raymond James downgraded the generic drug giant to Market Perform from Outperform. Over the past 52 weeks, shares have traded between $8.24 and $13.30, and they and have an $11.29 consensus price objective. That last trade Wednesday hit the tape at $8.93, which was down almost 5% for the day.
Just six stocks
make up a quarter of the market capitalization of the S&P 500, and it may behoove investors to double-check portfolios to make sure they are not overexposed. After all, the giants of yesteryear, like Eastman Kodak, are no longer around.
Cathie Wood’s ARK Invest continues to boost its stake in Robinhood.
Wednesday’s early top analyst upgrades and downgrades included Abbott Laboratories, Alphabet, Cloudflare, DraftKings, FuboTV, Microsoft and UPS. Analyst calls seen later in the day were on Microsoft, Robinhood, Twitter and more.
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